{"id":19968,"date":"2026-06-11T23:27:00","date_gmt":"2026-06-11T21:27:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=f30c5b8e24766caa2534cdece8e747c8"},"modified":"2026-06-11T23:27:00","modified_gmt":"2026-06-11T21:27:00","slug":"revitalization-partners-successfully-winds-down-pacific-northwest-blood-bank-leaves-local-community-with-legacy-fund","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=19968","title":{"rendered":"Revitalization Partners Successfully Winds Down Pacific Northwest Blood Bank; Leaves Local Community with Legacy Fund"},"content":{"rendered":"

SEATTLE--(BUSINESS WIRE)--Two years after being retained to wind down a 78-year-old community blood bank, Revitalization Partners<\/a> (RP) has successfully closed the books on Cascade Regional Blood Services (CRBS) \u2013 but not before creating a donor advised fund that will preserve the blood center\u2019s legacy for years to come. The proceeds, which will be administered by the Greater Tacoma Charitable Foundation<\/a>, will be used to support advanced biomedical blood research.<\/p><\/a><\/a>

\nLike many communities nationwide, Pierce County has experienced decreased blood collections over the past several years in part due to the changing demographics of the donor base. Those factors, coupled with an increase in hospital and patient needs, ultimately outpaced CRBS\u2019 capacity to scale operations to meet demand.<\/p>

\nOnce the direction became clear, the nonprofit CRBS Board retained Revitalization Partners to manage the organization through the transition. Veteran RP Director Pat Scanlon, a specialist in change management, stepped in as interim CEO to lead the effort.<\/p>

\nAmong the firm\u2019s greatest challenges: maintaining donor participation and preserving local blood supply while preparing for the transition to a new blood services provider. The RP team developed and deployed a series of strategic communications to key stakeholders to ensure that operational impacts would be minimal and the transition seamless.<\/p>

\nOnce that mission was carried out, RP\u2019s focus shifted to maximizing the value of the blood center\u2019s assets. The sale of equipment and property as well as a subsequent settlement negotiated with a pension fund liability effectively brought the engagement to a close, leaving the nonprofit with enough money to establish the fund.<\/p>

\nThe fund will support early-stage blood-related doctoral, post-doctoral, and applied research that has the possibility to meaningfully advance understanding and innovation in blood science. The focus is intentionally narrow and non-overlapping with existing organizations, including Blood Centers of America<\/a> and its member institutions. As such, it will not be earmarked for blood collection, donor programs, or operational logistics.<\/p>

\n\u201cWe have guided many organizations through the gauntlet of operational restructuring during our 23-year history,\u201d said RP Principal Al Davis, \u201cbut this one ranks among the most satisfying. Maximizing the value of their assets is only part of the story. Thanks to the leadership and ingenuity of the team, we were able to preserve a legacy.\u201d<\/p>

\nAbout Revitalization Partners<\/b><\/p>

\nFounded in 2004, Revitalization Partners specializes in improving the operational and financial results of middle market companies nationwide and abroad. Whether the situation calls for interim management, business valuation or assessment, revitalization, re-engineering or managing through the receivership\/bankruptcy process, the firm focuses on finding the best resolution in the shortest amount of time - with the highest possible return. Learn more at revitalizationpartners.com<\/a><\/p> Contacts<\/b>

\nMichael Shepherd\nmichael@theshepherdgroup.com<\/a>(760)861-9596<\/p>","protected":false},"excerpt":{"rendered":"

SEATTLE–(BUSINESS WIRE)–Two years after being retained to wind down a 78-year-old community blood bank, Revitalization Partners (RP) has successfully closed the books on Cascade Regional Blood Services (CRBS) \u2013 but not before creating a donor advised…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-19968","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/19968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19968"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/19968\/revisions"}],"predecessor-version":[{"id":19969,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/19968\/revisions\/19969"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}